Binbin, with all due respect you said this was a dissapointing result.
I am certainly not ramping but stating facts, this company should be looked at on its qtr prod now and that is growing. To say this company share price should be going higher in this market is removed from reality. There are stocks out there with take over offers that arent even trading at the t/o price.
I share anyone's frustration at thias being undervalued in all our views and that the market wont realise it yet and that there is now a substantial sitting there soaking up and accumulating a large position at in our view cheap prices, however the longer this goes on for the tighter the register becomes and the less sellers there will be. All we can ask the company to do is continue to control the controllable and the rest will sort it self out.
Binbin, I am definitely not having a go at you I just dont think this can be either a dissapointing or great result. It is a strong result showing the company geting more wells on and infrastructure built to grow production. We can look at day to day month to month. It now need to be qtrly and if it ever became big enough only yearly haha. I am very interested however what this ptolemy capital is upto.
If I can I will also say this, humans will outlive the resources in the ground which can only mean that in the short term we may have an over supplied market in some commodities and o&g but in the medium to long term the world is short/tight supply and it will only get more and more expensive to get it out of the ground. Leading to higher??
Sorry bit of a rant there.
AOK Price at posting:
12.5¢ Sentiment: None Disclosure: Held
